Domain Money is a fee-only financial planning platform. The company was founded in 2021 and is based in New York City. The team behind Domain Money has worked with major financial companies, including Marcus by Goldman Sachs, SoFi, and Clarity Money. It’s backed by major venture capital firms and investors, including Marc Benioff of Salesforce and Ashton Kutcher. 

Domain Money offers three annual membership levels. Essential, Strategic, and Comprehensive. Here’s a closer look at some of Domain’s key features: 

When you become a Domain client, you will be matched with a designated CFP professional who will work with you on a 1:1 basis. Domain’s financial planners are fiduciary advisors, which means that they are legally and ethically required to act in the client’s best interest when providing financial advice. 

They will look at your overall financial picture and develop a complete financial plan that includes specific action items based on your goals. Plans can address various issues, such as cash flow, debt, investing, home affordability, retirement, even education savings. Domain Money doesn’t require a minimum investment balance, and you can include your spouse or partner in your membership at no additional cost. 

Domain Money offers three membership levels: Essential, Strategic, and Comprehensive. Here’s a breakdown of what’s included at each level. Pricing for all plans is included in the table below. 

The Essential Membership is designed for W-2 employees, DIY investors looking for a second opinion, and people still building a solid financial foundation. In addition to a dedicated CFP, you’ll get 1 dedicated financial coaching session per year, an interactive financial plan with action items, an investing strategy, 3.5% APY on your savings, and more. 

The Strategic Membership includes everything in the Essential plan, but bumps the annual coaching sessions from 1 to 3 and offers other expanded services, including Back-Door Roth conversions, Direct Indexing and Tax Loss Harvesting, Equity Comp planning for Restricted Share Units (RSUs) and Employee Stock Purchase Plans (ESPPs), real estate keep vs. sell analysis, estate planning services, and more. 

Higher net worth clients can benefit from unlimited coaching services and a concierge support team with a Comprehensive Membership. This premium tier expands on Strategic, and offers support for K-1s and investment properties, Equity Comp planning for ISO, NSO, etc., Roth conversion laddering, retirement investment drawdown analysis, home renovation vs. relocation, charitable giving strategies, comprehensive estate planning, and more. 

We love that Domain Money is completely transparent with its fees. While it’s expensive, there’s no question about what you’ll pay, and no upsells beyond the three plans. I should point out that the annual pricing drops after the 1st year on all plans, as illustrated in the table below: 

Domain Money’s fees are not cheap, but they offer investment management without an AUM advisory fee. Domain uses Altruist, an independent custodian and third-party investment platform, to manage your investments. While Domain Money doesn’t charge an AUM fee, Altruist may charge up to a 0.12% Turnkey Asset Management Platform fee for some of its model portfolios. 

You can get started by booking a free strategy session. During the initial conversation, you’ll discuss your financial situation, goals, which will help Domain Money determine if it is the right fit. If you decide to move forward, you’ll choose one of its three membership levels.

After you receive your initial financial plan, the relationship will continue through annual plan updates, coaching sessions, etc. Each year, you’ll want to assess whether you’re getting the value you’re paying for and if it’s worth continuing the relationship. 

Domain Money is a registered investment advisor, and its CFP professionals are fiduciaries, which means they are required to act in your best interests. According to Domain Money, it’s advisors are also full-time employees rather than commissioned salespeople. If you move your investments to Domain Money, your money will be held through Altruist, an independent custodian, and not directly with Domain Money. 

New customers start by completing an online form to schedule their first meeting. Once you’re an active customer, you can contact your advisor by phone or email.

Customer service is available by email. The contact address is [email protected].

I’m a finance writer with more than a decade of experience writing about money online. I have two finance degrees and spent a large part of my MBA program focused on investments. I’ve interviewed and reviewed many financial advisors, allowing me to give an informed opinion of Domain Money and other financial advising services to help you hone in on the best option for your budget and financial needs.

I think Domain Money is best suited for people with enough financial complexity to benefit from comprehensive financial advice, but don’t want to pay an advisor a percentage of their investment portfolio. For example, the Strategic or Comprehensive plans may make sense if you’re juggling with decisions tied to investments, taxes, equity compensation, real estate, retirement planning, etc.

That said, Domain Money is expensive, and even the flat-fee may be difficult to justify if you have a small portfolio or a relatively simple financial situation. In that case, you may be better off with a low-fee robo-advisor platform, or using a self-directed trading app, if you have sufficient investment knowledge.

Ultimately, I like their transparent pricing, comprehensive planning services, and the fact that you’re dealing with fiduciary advisors.